Power Line Communication (PLC) Market Analysis By Industry Size, Share, Revenue Growth and Demand Forecast To 2031

The global power line communication (PLC) market is expected to grow at a significant CAGR during the forecast period (2024-2031).  PLC is a new communication technology that allows data to be transferred over existing power lines. It communicates between two end-points using power grids. Users can control or retrieve data in half-duplex mode using PLC technology. Furthermore, in this communication method, the sender modulates the data and injects it into power connections, which can be recovered at the receiving end using de-modulation. Household electric power wirings are utilized as a communication medium for remote control of lighting, appliances, sensors, and alarm systems in a house, and PLC technology is commonly employed for this purpose.

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The properties of PLC qualify it for use in home networks (HAN) and near-me area networks (NAN). Furthermore, PLC systems work in a variety of frequency bands and offer varying data transfer rates. PLC technology is commonly used in smart grid communication applications. In addition, internet access, home networking, and radio broadcast are also some applications of PLC technology. This technology also works with other technologies such as alternate current (AC), direct current (DC), and broadband. AC-PLC solutions are frequently preferred by businesses; however, DC-PLC solutions are commonly employed in distributed energy generation, vehicles, and transportation. Narrowband PLC is a form of PLC that is frequently utilized in smart grids, micro-inverters, and solar panels applications. Broadband PLC applications, on the other hand, are frequently employed for last-mile solutions such as video monitoring. PLC eliminates the need for extra communication routes by utilizing the current wire network. When compared to alternative communication systems, it supports cutting installation costs. Furthermore, PLC technology allows for high-speed data exchange. Over the projected period, all of these factors are expected to boost the global PLC market.

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Market Coverage

• Segment Covered- 

o             By Type 

o             By End-User 

• Competitive Landscape: Siemens AG, ABB Ltd., and Schneider Electric SE, among others. 

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominates the market in base year?
• Which segment and region will project fastest growth in the market?
• How COVID-19 impacted the market?

o             Recovery Timeline

o             Deviation from pre-COVID forecast

o             Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Power Line Communication (PLC) Market Report Segmentation

By Component  

• Narrowband PLC
• Broadband PLC 

By End-User 

• Residential
• Commercial
• Industrial

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